Swaney Problem $-$ Review for test

The following data are available from the accousting records of Swaney Company for the mosth caded May $31,2019.$

$25,000$ units were manufactured and sold dering the accesting period. The selling price was $580$ per unit. There were no beginsing investories and all units were completed $($so work is process$).$

$\backslash$table$[[$Costs Manufacturing Costs: Variable,Total Cost,Numbre of Units,Init Cent$],[],[],[$DM$,,,15,],[$DL$,,,15,],[$Var OH$,,,14,],[$Total Variable Manuf Costs,$$1100,000,25,000,,544],[$Fised Total Manufacturing Costs,$\frac{370\mathrm{.}009}{5169\mathrm{.}009},,,]]$

Selling and administrative expenses:

Variable $($$$3$ per unit sold$)$

$575,000$

Flsed

$232,000$

REQUIRED: Use the form supplied.

$($a$)$ Prepare a Coatribution Margin $($also called Variable Costing$)$ income statement for May $2019,$ Show totals and per unit. Calculate CM Ratio.

$($b$)$ Prepare a Gross Profit Margia $-$ GAAP $($alse called Traditional Costing$)$ income statement for May $2019.$ Show totals and per usit.

$($e$)$ Calculate breakeven poist for Swaney Company. Sbow work in CM format.

$($d$)$ Management would like to earn a target profit of $$650,000.$ Show work in CM format. How many enits would they seed to sell to reach the target profit?

$($e$)$ Management is is the middle of labor coatract negotiations. If the direct labor union settles nest month with a $12\%$ salary increase, re$-$calculate the breakeven point.The information below is for item e$.$

A few students have had questions.

I want to make sure everyone understands the calculations.

$\backslash$table$[[$Variable Costs,$12\%$ Increase,Adjusted Variable Costs$],[$DM$,15,1\mathrm{.}8,16\mathrm{.}8],[$DL$,15,$NA$,15],[$Var OH$,14,$NA$,14],[$Var S Swaney Problem $-$ Review for test

The following data are available from the accousting records of Swaney Company for the mosth caded May $31,2019.$

$25,000$ units were manufactured and sold dering the accesting period. The selling price was $580$ per unit. There were no beginsing investories and all units were completed $($so work is process$).$

$\backslash$table$[[$Costs Manufacturing Costs: Variable,Total Cost,Numbre of Units,Init Cent$],[],[],[$DM$,,,15,],[$DL$,,,15,],[$Var OH$,,,14,],[$Total Variable Manuf Costs,$$1100,000,25,000,,544],[$Fised Total Manufacturing Costs,$\frac{370\mathrm{.}009}{5169\mathrm{.}009},,,]]$

Selling and administrative expenses:

Variable $($$$3$ per unit sold$)$

$575,000$

Flsed

$232,000$

REQUIRED: Use the form supplied.

$($a$)$ Prepare a Coatribution Margin $($also called Variable Costing$)$ income statement for May $2019,$ Show totals and per unit. Calculate CM Ratio.

$($b$)$ Prepare a Gross Profit Margia $-$ GAAP $($alse called Traditional Costing$)$ income statement for May $2019.$ Show totals and per usit.

$($e$)$ Calculate breakeven poist for Swaney Company. Sbow work in CM format.

$($d$)$ Management would like to earn a target profit of $$650,000.$ Show work in CM format. How many enits would they seed to sell to reach the target profit?

$($e$)$ Management is is the middle of labor coatract negotiations. If the direct labor union settles nest month with a $12\%$ salary increase, re$-$calculate the breakeven point.The information below is for item e$.$

A few students have had questions.

I want to make sure everyone understands the calculations.

$\backslash$table$[[$Variable Costs,$12\%$ Increase,Adjusted Variable Costs$],[$DM$,15,1\mathrm{.}8,16\mathrm{.}8],[$DL$,15,$NA$,15],[$Var OH$,14,$NA$,14],[$Var S